The Companies (General) Regulations

60. Particulars of charges over existing property acquired by company

Edition: 2022-12-31 · In force

For purposes of section 879(2) of the Act, the particulars of a charge required to be registered with the Registrar are as follows–

(a)the date on which the company acquired property that is already subject to a charge;

(b)the amount secured by the charge;

(c)the person entitled to the charge;

(d)in, the case of a floating charge – a statement of any of the provisions of the charge, and of any instrument relating to it, that—

(i)prohibit or restrict or regulate the company's power to grant further securities ranking in priority to, or equally with, the floating charge; or

(ii)vary or otherwise regulate the order of ranking of the floating charge in relation to other subsisting securities.

[L.N. 19/2017, r. 5.]